BROOKFIELD, Wis. (8/20/15)--Fiserv has been recognized with a vendor award for its anti-money laundering (AML) solution by Aite Group as part of its “2015 Global AML Vendor Evaluation.”
AML Risk Manager from Fiserv was acknowledged as the "Most Extensible Solution" in the report.
The Aite Group evaluation highlighted the specific strengths of AML Risk Manager, based on interviews with current Fiserv clients. Strengths reported by clients included openness of design, regulator familiarity and integration with core banking systems to facilitate a seamless transfer of information.
AML Risk Manager provides predictive analytics and visualization, behavioral profiling of any entity, such as customers, accounts, correspondent banks, real-time suspicious activity detection, and the ability to quantify risk mitigation by combining automated risk scoring with expert investigator experience.
“To continue to be recognized among the market leading AML risk solution providers is a high honor, as we consider excellence in AML risk management to be vital to financial services institutions as well as gaming and money-services organizations,” said Tim Grace, Fiserv risk and compliance solutions senior vice president and general manager. “Being recognized for outstanding performance in this vendor evaluation report reflects the satisfaction of our customers with the breadth and depth of our AML offerings."